kaal:claim:6421319-025

The Walrasian auctioneer is replaced by the agents themselves: price discovery ceases to be a slow tatonnement process requiring a central coordinator and becomes a continuous, decentralized, latency free computation executed by autonomous agents.

Price discovery is no longer a slow tâtonnement process requiring a central coordinator. It is a continuous, decentralized, latency-free computation executed by the agents themselves.

Wulf A. Kaal, The Collapse of Scarcity Economics (2026), VI.A. Walras's Auctioneer Disappears, p. 23
https://ssrn.com/abstract=6421319 · source PDF

Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319

• conditional on agents orchestrated by large language models running on globally distributed compute

mechanismsupport: arguedeconomicsai-and-agents

• restates kaal:claim:5886442-020 The Walrasian auctioneer disappears in the AI2AI economy because autonomous agents orchestrated by large langu...

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